TSX-VENTURE: SBX
VANCOUVER, March 31 /PRNewswire-FirstCall/ - Sea Breeze
Power Corp. is pleased to announce that the offer of a 20 year
"Electricity Purchase Agreement" ("EPA") has been received from
British Columbia Hydro and Power Authority ("BC Hydro") with regard
to future renewable energy produced at Sea Breeze's Knob Hill Wind Farm Project
(Phase 1 for 99 MW).
The Knob Hill Wind Farm Project is located 35 km northwest of
Port Hardy on northern Vancouver
Island, within the traditional territories of the Kwakiutl,
Quatsino, and Tlatlasikwala First
Nations. Phase 1 of the Project would generate enough renewable
electricity to power an estimated 35,000 British Columbia homes.
"The offer of a contract from BC Hydro is the result of seven
years of effort towards completion of a stringent environmental
assessment, comprehensive communication with communities in the
region, and preparation of detailed proposal documents and
negotiations in BC Hydro's Clean Power Call," said Paul Manson, President and CEO of Sea Breeze.
"During this process, we have received strong support from the
Quatsino, Tlatlasikwala, and
Kwakiutl First Nations as well as the communities of Port Hardy, Port
McNeill, and the Regional District of Mount Waddington, for
which we are deeply grateful," Manson added. "To reciprocate this
valuable support, the Project will create green employment
opportunities for the local communities and will move the region
towards a more sustainable economic future."
Construction on the Knob Hill Wind Farm is expected to begin in
Q-2 2011, with a target date for delivery of electric power in Q-4
2012.
The Knob Hill Wind Farm was the first wind project to receive an
Environmental Assessment Certificate in British Columbia. Upon completion of
construction, it will be the first power generating facility
initiated by Sea Breeze, which is
investigating an additional 180,000 hectares for wind power
development throughout British
Columbia.
About BC Hydro
BC Hydro is an electric utility wholly owned by the Province of
British Columbia, reporting to the
B.C. Ministry of Energy, Mines and Petroleum Resources. It is the
third largest electric utility in Canada and serves customers in an area
containing over 94 per cent of British
Columbia's population. BC Hydro endeavours to provide energy
solutions to its customers in an environmentally and socially
responsible way by balancing British Columbians' energy needs with
the concerns of the environment
About Sea Breeze Power Corp.
Sea Breeze Power Corp. is a Vancouver-based renewable energy company
focused on unlocking British
Columbia's enormous but 'stranded' renewable energy
potential. Sea Breeze is presently
engaged in the development of utility-scale wind farms and
'run-of-river' hydroelectric projects.
Through a joint venture partnership with Boundless Energy, LLC,
Sea Breeze is also involved in
development of large-scale, state-of-the-art and
environmentally-friendly electricity transmission projects,
including the Juan de Fuca Cable, planned to interconnect
Victoria, British Columbia with
Port Angeles, Washington.
ON BEHALF OF THE BOARD OF DIRECTORS
"PAUL B. MANSON"
-----------------------
per: PAUL B. MANSON, President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Sea Breeze Power Corp.